| 4.32 The Government will change the
horse betting duty from 12% of each bet to 25% of gross
betting profits – that is, bets less winnings
paid out. This will allow the Singapore Turf Club to
offer better odds and lower prices to their customers
to compete more effectively with illegal gambling operators.
The UK has made similar changes to their horse betting
duties, for the same reasons. I should add that this
change is totally unrelated to the issue of whether
to have a casino in Singapore.
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